Market update: SPY ETF leads gains at Oct 21, 17:00 UTC

Where prices stand

As of Oct 21, 17:00 UTC, Finnhub shows the USO ETF (tracks WTI Crude Oil) at $158.04, which fell 1.60% from the prior close. The SPY ETF (tracks S&P 500; its price is NOT the S&P 500 level) is $773.45 and rose 0.57% from the prior close. The UUP ETF (tracks US Dollar Index; its price is NOT the US Dollar Index level) is $28.93 and rose 0.10% from the prior close. The GLD ETF (tracks Gold; its price is NOT the Gold level) is $378.70 and rose 0.28% from the prior close.

Trend check

Finnhub's trend signals list WTI Crude Oil as bullish with RSI(14) of 58.5. Its last close is 101.91, above its SMA50 92.59 and its long-term SMA 85.49.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 20, 22:40 UTC); it is not a recommendation.

In the news

Reuters reported the headline 'Israel's election may change its leader, but not Iran war policy'. wsls.com reported 'UK inflation rise to highest in almost a year as Iran war drives fuel prices higher', business-standard.com reported 'RBI rejects all bids at Treasury bill auction as short - term yields surge', and Yahoo published 'Trajan Wealth CIO David Busch Talks AI, Earnings, and Inflation Before Fed Meets'.

• Israel's election may change its leader, but not Iran war policy — Reuters, Oct 21, 13:23 UTC
• UK inflation rise to highest in almost a year as Iran war drives fuel prices higher — wsls.com, Oct 21, 14:00 UTC (also reported by isp.netscape.com)
• RBI rejects all bids at Treasury bill auction as short - term yields surge — business-standard.com, Oct 21, 15:15 UTC
• Trajan Wealth CIO David Busch Talks AI, Earnings, and Inflation Before Fed Meets — Yahoo, Oct 21, 14:25 UTC

What to watch

Per fred, Weekly jobless claims (DOL) is scheduled for Thu Oct 22 (time not confirmed), and the University of Michigan consumer sentiment is scheduled for Fri Oct 23 (time not confirmed).

• Thu Oct 22 (time not confirmed) — Weekly jobless claims (DOL) (US) (source)
• Fri Oct 23 (time not confirmed) — University of Michigan consumer sentiment (US) (source)

Sources and data

• Reuters (secondary source) — Israel's election may change its leader, but not Iran war policy
• wsls.com (secondary source) — UK inflation rise to highest in almost a year as Iran war drives fuel prices higher
• business-standard.com (secondary source) — RBI rejects all bids at Treasury bill auction as short - term yields surge
• Yahoo (secondary source) — Trajan Wealth CIO David Busch Talks AI, Earnings, and Inflation Before Fed Meets
• Finnhub (market data) — market data
• U.S. Energy Information Administration via FRED (primary source) — calendar
• Federal Reserve (primary source) — calendar
• European Central Bank (euro reference rates) (primary source) — calendar
• Bank of England (primary source) — calendar
• U.S. Bureau of Labor Statistics (primary source) — calendar

Market data as of Oct 21, 17:00 UTC; report generated Oct 21, 17:10 UTC. All times are UTC. Each table row shows its own timestamp and provider.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.